ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 84

10. A ________ is a document that indicates a request for
merchandise by a customer.
11. The document used to indicate to the customer the amount of a
sale and payment due date is the:
12. Which of the following is not a business function within the
"Sales" class of transactions?
13. A document that initiates shipment of goods and indicates the
description of the merchandise, the quantity shipped, and customer
name and address is the:
14. The auditor's objectives for the sales and cash collections
activities when the client is primarily an e-commerce business as
compared to a "bricks and mortar" business are:
15. Generally, when is the earliest point in the sales and collection
cycle in which revenue can be recognized?
16. When the computed upper exception rate is greater than the
tolerable exception rate, it is necessary for the auditor to take specific
action. Which of the following courses of action would be most
difficult to justify?
17. The advantage of systematic sample selection is that:
18. If the auditor decides to assess control risk at the moderate level
in a private company audit, when in previous years the auditor set
control risk at the maxi mum level, then tests of controls for the
current year would be:
19. In systematic sample selection, the population size is divided by
the number of sample items desired in order to determine the:
20. Which of the following is the risk that audit tests will not
uncover existing exceptions in a sample?
21. When the auditor decides to select less than 100 percent of the
population for testing, the auditor is said to use:
22. Which of the following occurrences would be least likely to
warrant further audit attention for the auditor?
23. When auditors wish to evaluate a sample statistically, an
acceptable selection method is:
24. A sample in which the characteristics of the sample are the same
as those of the population is a(n):
25. Simple random sampling:
26. The sample exception rate equals: